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The effect of IPSAS on reforming governmental financial reporting: an international comparison

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Abstract
Over the past 25 years significant New Public Management (NPM) reforms, particularly towards accrual accounting, have characterized the public sector in many countries. The diversity in public financial information systems created a need for harmonization, resulting in the elaboration of International Public Sector Accounting Standards (IPSAS). Despite their relevance, little is known on the adoption process of IPSAS. This study aims to examine to what extent IPSAS(-like) accrual accounting is adopted in central / local governments worldwide as well as to investigate which factors affect the differing level of their adoption. Methodologically, a specific questionnaire constructed to obtain relevant information from local experts was sent worldwide to a sample of countries. The study reveals an important move to accrual accounting, particularly to IPSAS-accrual accounting whereby there still remains a level of reluctance mainly in central governments, especially in countries where businesslike accrual accounting has been developed.
Keywords
STANDARDS, INFORMATION-SYSTEMS, AFRICA, STATE, central government accounting reform, local government, IPSAS, Comparative public accounting

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Citation

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Chicago
Christiaens, Johan, Christophe Vanhee, F Manes-Rossi, Philippe Van Cauwenberge, and N Aversano. 2015. “The Effect of IPSAS on Reforming Governmental Financial Reporting: An International Comparison.” International Review of Administrative Sciences 81 (1): 158–177.
APA
Christiaens, Johan, Vanhee, C., Manes-Rossi, F., Van Cauwenberge, P., & Aversano, N. (2015). The effect of IPSAS on reforming governmental financial reporting: an international comparison. INTERNATIONAL REVIEW OF ADMINISTRATIVE SCIENCES, 81(1), 158–177.
Vancouver
1.
Christiaens J, Vanhee C, Manes-Rossi F, Van Cauwenberge P, Aversano N. The effect of IPSAS on reforming governmental financial reporting: an international comparison. INTERNATIONAL REVIEW OF ADMINISTRATIVE SCIENCES. 2015;81(1):158–77.
MLA
Christiaens, Johan, Christophe Vanhee, F Manes-Rossi, et al. “The Effect of IPSAS on Reforming Governmental Financial Reporting: An International Comparison.” INTERNATIONAL REVIEW OF ADMINISTRATIVE SCIENCES 81.1 (2015): 158–177. Print.
@article{5647283,
  abstract     = {Over the past 25 years significant New Public Management (NPM) reforms, particularly towards accrual accounting, have characterized the public sector in many countries. The diversity in public financial information systems created a need for harmonization, resulting in the elaboration of International Public Sector Accounting Standards (IPSAS). Despite their relevance, little is known on the adoption process of IPSAS. This study aims to examine to what extent IPSAS(-like) accrual accounting is adopted in central / local governments worldwide as well as to investigate which factors affect the differing level of their adoption. Methodologically, a specific questionnaire constructed to obtain relevant information from local experts was sent worldwide to a sample of countries. The study reveals an important move to accrual accounting, particularly to IPSAS-accrual accounting whereby there still remains a level of reluctance mainly in central governments, especially in countries where businesslike accrual accounting has been developed.},
  author       = {Christiaens, Johan and Vanhee, Christophe and Manes-Rossi, F and Van Cauwenberge, Philippe and Aversano, N},
  issn         = {0020-8523},
  journal      = {INTERNATIONAL REVIEW OF ADMINISTRATIVE SCIENCES},
  keyword      = {STANDARDS,INFORMATION-SYSTEMS,AFRICA,STATE,central government accounting reform,local government,IPSAS,Comparative public accounting},
  language     = {eng},
  number       = {1},
  pages        = {158--177},
  title        = {The effect of IPSAS on reforming governmental financial reporting: an international comparison},
  url          = {http://dx.doi.org/10.1177/0020852314546580},
  volume       = {81},
  year         = {2015},
}

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